Study On The Intermediate Business Of Commercial Banks Driven By Internet Finance

Internet finance is a new type of financial business model in which Internet companies use Internet technology and information and communication technology to realize capital financing,payment,investment and information intermediary service.Commercial bank intermediate business refers to the business does not constitute the assets of the table and the table liabilities,and the commercial bank serves as a proxy for customers for a variety of business.The intermediate business is the long-term development of commercial banks profit growth and innovation,but also the focus of Internet finance and commercial banks.In this context,this paper studies the evolution of Internet banking-driven commercial banks' intermediate business.First,this paper analyzes the Internet finance's business model and intermediate business,and sort out three related three business models.From the perspective of three kinds of Internet financial business,the paper analyze the mechanism of Internet finance driving commercial bank intermediate business development:Third party payment on the one hand weaken the bank payment intermediary function,divide into bank charges and the fee rate dropped,and squeeze intermediate business,on the other hand reduce customer costs and shunt bank payment intermediate business customers;Internet monetary fund on the other hand partly replace bank financial service functions,divided into bank charges,and squeeze the intermediate business,on the other hand reduce customer costs and shunt bank financial intermediate business customers;P2P network loans on the one hand bypass the bank directly to the two sides of the bank to make the bank lost the basis of the intermediate business base to a certain extent off Media,on the other hand reduce customer costs and shunt bank financial intermediate business customers.Three types of business development may lead to the decline of bank intermediate business income and bank intermediate business development may be driven by business competition.The empirical study the development of commercial bank intermediate business driven by Internet finance.The paper select third-party payment,Internet money funds and P2P network loan as the core explanatory variables.Excluding the bank whose data is not available,the paper selects the data of 16 listed commercial banks in the third quarter of 2013 and the third quarter of 2016 as a sample,and then establish panel data model for regression analysis.It is found that the third party payment and the Internet money fund has a significant negative effect on the intermediate business income,and the negative impact of the P2P loan on the intermediate business is not significant.It is indicated that the effect of the development of third-party payments and the development of the Internet money fund squeezing the intermediate business and dividing customers.The replacement of P2P network loan development on the intermediate business is limited.It may be related that the development of P2P network loan is not standardized and custody funds flow back to the bank.Commercial banks in the Internet-driven financial development under the development of innovative payment,agency financial and other intermediate business and the expansion of other innovative intermediate business to deal with its impact.